(Renewable Energy (Wind Energy) Evaluatıon of Producing Business for Turkish Accounting Standards)

Abstract

Purpose – The lack of fossil fuel reserves which are supposed to meet the increasing energy demand of Turkey as a developing country is obviously clear. On the one hand, Turkey intensifies searches for domestic energy sources; on the other hand it seeks ways to activate other possible potentials such as consideration of renewable energy resources, increase of energy efficiency, making use of the country’s geographic location. The main purpose of this study is to examine the accounting standards of renewable energy producing enterprises within the framework of this potential. Design/methodology/approach – Study is examined assessments are made about the encouragement and support mechanisms, legal regulations are examined about that encouragement and support mechanisms, accounting structures of enterprises generating wind energy are evaluated in terms of nations and international legislation. Findings: In the evaluation resulting from the study, it was revealed that development costs should be included, accounting of all activities to be carried out with license certificate and evaluation of the power plant to be established as a special asset are important criteria. Discussion – Turkey wants to become a power door as compensation to trying to domestic and made a name in the energy market with investments in renewable energy is a key player in creating an energy corridor in the energy sector, the shortage in fossil fuels. The opportunities to be used in renewable energy sources, especially in wind energy, will gain more meaning with the studies to be carried out in accordance with accurate and sound technical and financial analysis. For investors interested in wind energy, the biggest problems are correct and reliable energy estimations before the legal regulations and the determination of the return to be obtained after the investment and the recording of these returns within the framework of standards.